Bitcoin Cash vs Cash ... Which is better?
Bitcoin Cash offers many advantages when compared to Cash, but the only way BCH will ever be on equal footing with the paper original is by adding privacy features that make it impossible to track BCH transactions. If BCH added privacy features, it would instantly be recognized as superior to BTC, superior to cash, and superior to all other privacy coins currently in existence.
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Bitcoin Cash (BCH) forked from Bitcoin (BTC) in August, 2017, due to a disagreement over the best way to increase transaction speed and reduce transaction fees. Bitcoin Core developer's solution was to add Segregated Witness (SegWit) to BTC where as BCH developers wanted to simply increase the block size. At the time, nobody knew which solution would prove to be better, but now it is pretty clear. Bitcoin (BTC) is still slow and expensive, while Bitcoin Cash (BCH) is faster and transaction fees are much, much, MUCH cheaper compared to BTC.
So rather than compare BCH vs BTC, let's compare BCH to CASH ... as in good ole fashioned paper, fiat money. Which one is better?
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INFLATION:
CASH: The US Dollar has lost approx. 97% of its value since 1913 due to inflation, which is the process of growing the money supply through printing more dollars, and creating it out of a borrowers promise to pay it back plus interest thru the fractional banking system.
BITCOIN CASH: There will never be more than 21,000,000 BCH ever produced. That means as it's use increased, due to the economic laws of supply and demand, the value of BCH will increase instead of decrease (it's value is deflationary instead of inflationary).
THE WINNER? Bitcoin Cash
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CURRENCY CONTROLS
CASH: US residents are not allowed to take more than $10,000 in cash outside the country. And if you attempt to do so, expect big delays, lots of questions, and to be treated as a criminal. In fact, if you are driving in the US with any amount of money and you are stopped by the police, the police can assume you have the cash for some illegal activity, and can legally steal it from you even if you committed no crime, due to asset forfeiture laws.
BITCOIN CASH: As long as you memorize your private key, your BCH can go with you wherever you go. It can even go without you ... because you can send any amount to anyone, anywhere in the world! If you get pulled over by a cop, they could steal your hardware wallet, but without the pin there is no way for them to confiscate your crypto! It's sad that in the "Land of the Free" the police have begun using criminal tactics and law abiding citizens must think in these terms.
THE WINNER? Bitcoin Cash
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ANONYMITY (Uh-oh!)
CASH: There is no way of tracking cash purchases which is why governments around the world are trying to do away with it.
BITCOIN CASH: If your private key is able to be linked to your name, and the same is done with those you do transactions with, it is possible to determine one's identity and who you sent money to. Privacy is the one area in which BCH falls short.
THE WINNER? Cash.
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CONCLUSION ...
Bitcoin Cash offers many advantages when compared to actual paper Cash, but the only way BCH will ever be on equal footing with the paper original is by adding privacy features that make it impossible to track BCH transactions. If BCH added privacy features, it would instantly be recognized as superior to BTC, superior to cash, and superior to all other privacy coins currently in existence.
Please UpVote and share on Facebook, Twitter and other Social Media. Peace!